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Prime Minister Nawaz Sharif has convened a meeting of the federal cabinet on Friday (today) reportedly to endorse proposals finalised by the Cabinet Committee on National Security Committee. According to reports, the cabinet is likely to discuss the national security situation, refusal by the Taliban to extend the cease-fire, approve Islamabad's agreement with Tehran on electricity import and draft of a bill cubing cyber crimes.

The Federal Board of Revenue wants to collect 19.5 percent Federal Excise Duty (FED) on telecom services under the relevant Schedule of Federal Excise Act despite the fact the levy is already being collected by provinces after the 18th Amendment at the rate of 19.5 percent of the gross value of services. The FBR sources told Business Recorder on Wednesday that they are following the FED law in letter and spirit till now under the relevant entry of the Schedule of Federal Excise Act 2005.
Prime Minister Nawaz Sharif will inaugurate 747 MW Guddu and 404 MW Uch II thermal power plants on April 21 and 25, 2014 respectively, official sources told Business Recorder. A team of senior officials of Water and Power Ministry has already reached Guddu power plant to finalise the arrangements for plant's inauguration.
Prime Minister Nawaz Sharif on Thursday removed Chairman Water and Power Development Authority (Wapda) Syed Raghab Abbas Shah and appointed Zafar Mehmood, former Federal Secretary Water and Power, as Chairman. Presently, Zafar Mehmood is serving as Chairman Public Service Commission Punjab. The sources said the government was not satisfied with the performance of Chairman Wapda and received a number of complaints on the award of billions of rupees of contracts of hydropower projects in sheer violation of rules.
The army will assist in providing security to polio vaccinators in the country, the military said Thursday, after a series of deadly attacks against those involved in campaigns against the crippling disease. Representatives from the World Health Organisation (WHO), military, as well as civilian and tribal officials met at the military headquarters in Rawalpindi near Islamabad to discuss security and access to affected areas during anti-polio campaigns.
The rupee moved both ways against the dollar on the currency market on Thursday in the process of trading, dealers said. The rupee picked up 20-paisa against the dollar for buying and selling at Rs 96.40 and Rs 96.45, dealers said.
Prime Minister Nawaz Sharif on Thursday said that the construction of Diamer-Bhasha Dam will not only cater for energy requirements of the country but at the same time, it would be a source of development for Gilgit-Baltistan. The Dam will prove to be an economic milestone for the country, he said while reviewing progress on Diamer-Bhasha Dam Project here at the PM House.

 



 
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Annual2012/13
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